Oil And Gas News


International Consortium Secures Work on LNG Scheme off Mozambique

Sep 30, 2024

McDermott, through a consortium with Saipem and China Petroleum Engineering and Construction Corporation, has been awarded a front-end engineering design (FEED) contract for the Rovuma LNG Phase 1 project in Mozambique.The project is a joint venture between ExxonMobil Development Africa…

Onshore Equipment Repair Progressing Well as Tyra II Ramp Up Remains On Track

Sep 30, 2024

BlueNord, the partner in the Tyra II project along with TotalEnergies and Nordsøfonden, has informed that the onshore repair of the second transformer for Tyra II is progressing well, with full technical capacity of Denmark’s largest offshore…

Aker Solutions to Prepare Equinor’s Troll A Platform for New Gas from Troll West

Sep 30, 2024

Norwegian offshore engineering and construction firm Aker Solutions has secured an EPCIC contract from Equinor to prepare the topside of Troll A for accelerating production from the Troll West gas reservoir.The Troll field is located in the North Sea…

Esgian Week 39 Report: Petrobras Finalizes Roncador Tender

Sep 29, 2024

Esgian highlights several new contracts in its Week 39 Rig Analytics Market Roundup.Report SummaryContractsMarket sources indicate that ADNOC has exercised an extension option for the 350-ft jackup drilling rig Aryabhatt 1 in Abu Dhabi.Petrobras…

Petrobras and Staatsolie Strengthen Energy Collaboration

Sep 27, 2024

Brazil’s state-owned oil and gas company Petrobras and its Surinamese counterpart Staatsolie have signed a non-binding memorandum of understanding (MoU) to asses collaboration opportunities in various fields, including oil and gas.Petrobras…

PRIO Buys Peregrino Oil Field Stake in $1.92B Deal with Sinochem

Sep 27, 2024

Brazilian oil and gas company PRIO has signed a sale and purchase agreement with SPEP Energy Hong Kong Limited and Sinochem International Oil for the acquisition of 40% interest in the Peregrino and Pitangola fields in the Campos Basin, offshore Brazil…

Mitsubishi Boosts Stake in Petronas’ Malaysia LNG Plant

Sep 27, 2024

Japanese trading house Mitsubishi said on Friday it would expand its ownership in a major liquefied natural gas (LNG) project in Malaysia, acquiring 10% stakes in the Dua and Tiga units of the Malaysia LNG plant.Operated by Malaysian state-owned energy giant Petronas…

India Opts Out of Buying Gas from Russia's Sanctioned Arctic LNG 2 Project

Sep 27, 2024

India will not buy liquefied natural gas (LNG) produced from Russia's Arctic LNG 2 project, which is sanctioned by Western countries, Oil Secretary Pankaj Jain said on Friday.'We will not buy (supply from) Arctic LNG 2. We are not buying any sanctioned commodity…

Petrobras to Reopen Closed Well at Roncador Field Off Brazil

Sep 27, 2024

Brazilian oil giant Petrobras is set to reopen a closed oil well in its large offshore Roncador field in a bid to quickly obtain natural gas, the company's chief said on Thursday.The well, located off the Brazilian coast northeast of Rio de Janeiro…

CNOOC Starts Production from Deepwater Gas Project in South China Sea

Sep 27, 2024

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at phase-2 development at its Shenhai-1 deepwater gas project in northern South China Sea.The project is located in the Qiongdongnan Basin…

Suncor Pleads Guilty to Charges for 2019 Terra Nova FPSO Injury Incident

Sep 27, 2024

Canada’s oil and gas producer Suncor Energy has pleaded guilty to the charges from the incident that took place in 2019, when a worker was injured following a fall from a ladder while conducting gas testing onboard the Terra Nova FPSO, in the Canada-Newfoundland and Labrador Offshore Area…

Brava Energia Welcomes US Oil and Gas Company as Partner in Two Brazil Fields

Sep 27, 2024

Brava Energia, formerly 3R Petroleum before the merger with Enauta, has concluded a sale of 20% stake in a concession offshore Brazil to the affiliates of Westlawn Americas Offshore (WAO), welcoming the U.S. oil and gas company as partner in the Atlanta and Oliva fields…

Northern Ocean Forms Alliance with Springfield as It Secures Work for Deepsea Bollsta Rig

Sep 27, 2024

Offshore drilling contractor Northern Ocean has signed a strategic alliance agreement in Ghana and a contract with the Springfield Group for the use of the Deepsea Bollsta on a well test of the Afina 1x well, amongst other activities.The strategic…

Hurricane Helene: 17 Oil and Gas Platform Evacuated in US Gulf of Mexico

Sep 26, 2024

About 29% of crude production and 17% of natural gas output in the U.S. Gulf of Mexico were shut in response to Hurricane Helene, the U.S. Bureau of Safety and Environmental Enforcement said on Wednesday.Energy producers had shut-in 511,000…

Odjfell Drilling Share Block Sale Wraps Up

Sep 26, 2024

A block share of existing shares in offshore drilling contractor Odfjell Drilling, led by Odfjell Partners Holding, which is ultimately controlled by Helene Odfjell and family, has been completed through an accelerated bookbuilding process.The seller…

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